New York Times Bosses Get Big Pay Hikes

Posted by Gabriella Stern on March 12, 2010
Compensation, Media

Interesting: the top two bosses of the New York Times Co. got big 2009 pay raises. NYT Chairman Arthur Sulzberger Jr.’s pay more than doubled to $6 million; CEO Janet L. Robinson got $6.3 million – 32% more than a year earlier. Granted, the NYT’s share price has nearly tripled over the past year, and the top honchos got pay cuts in 2008. Then again, the bald fact is: the NYT is a troubled newspaper-focused company. It lacks the Washington Post Co.’s lucrative Stanley Kaplan education unit and Pearson’s textbook publishing business not to mention its premium-subscription financial information operations. It will be interesting to see how Sulzberger defends his payout.

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1 Comment to New York Times Bosses Get Big Pay Hikes

F Pait
March 14, 2010

So the NYTimes is the last for-profit major paper in the US? The others been vanity businesses of unrelated corporations. Maybe the NYTimes should become a not-for-profit. Then the high salaries would not be OK.

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